Mays Residential lettings are members of ARLA Propertymark
Our Client Money Protection is supplied by Propertymark Client Money Protection Scheme. The Propertymark Conduct and Membership Rules can be found here: https://www.propertymark.co.uk/working-in-the-industry/member-requirements/.
Permitted Payments: - Holding Deposit £173.07 equivalent to one week’s rent this is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information.
Security Deposit £865.38 - equivalent to five weeks rent. This covers damages or defaults on the part of the tenant during the tenancy. For rent of over £50,000 per annum) Six weeks rent.
Default fees - Unpaid rent - Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s) - Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If costs are incurred there will be a charge per key/fob and for the replacement of the lock(s). Circa £200.
Variation of Contract (Tenants Request) - £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenants Request) - £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenants Request) - Should you wish to terminate your tenancy early (surrender) of a tenancy: £500 inc VAT plus rent due until a new tenancy commences subject to approval by the landlord
Utilities Payments in respect of Council Tax Payments for utilities Payments for television license Communication Services
Green Deal Charge
INDEPENDENT REDRESS: - The Property Ombudsman Scheme TPO – DO3138